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Nov 9, 2012
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. >>> john harwood has some context and background on what we've been getting out of washington. we've been getting lots of headlines on the fiscal cliff. bring it all together for us, john. >> mandy, jay carney, the white house press secretary, has just been briefing reporters and indicated that the white house would veto any bill extending the rates for the top end or tax cuts for the top end earners. this is a reiteration of the position the president's held for some time. remember, after extending those rates at the end of 2010, he indicated he was not going to go beyond 2012. i think this is not a sign that he's not willing to negotiate with republicans because the key point of what the president said this afternoon was he needs more tax revenue from the top end earners, not necessarily tax rates. so this is the case of the president not surrendering his position but also remaining open to the new ideas he said he was going to listen to when he meets with john boehner, mitch mcconnell and democratic leaders in congress next week here at the white house. >> john, thank you ve
. >>> john harwood has some context and background on what we've been getting out of washington. we've been getting lots of headlines on the fiscal cliff. bring it all together for us, john. >> mandy, jay carney, the white house press secretary, has just been briefing reporters and indicated that the white house would veto any bill extending the rates for the top end or tax cuts for the top end earners. this is a reiteration of the position the president's held for some time....
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Nov 14, 2012
11/12
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they're looking to washington for leadership to address meaningful issues. right now they're doubtful they're going to see it. >> right wha do you think it's going to take to get the vej back into this market? the individual, i feel like, has been gone for a little while now. >> 10, 12 years it feels like. >> it really does. >> i think it's going to take a settlement in washington. it's going to take compromise. it's going to take a belief that we're actually on a path as a country from a fiscal stand point that is reasonable, that is sustainable. investors have to have that degree of confidence before they can move. the other issue that's big for investors is tacxes. investors don't know what's going to happen, and they're not likely to put money to work until they have a better idea of the future. >> if you have dividend taxes going from 15% to 43%, because we know that under the umbrella of the fiscal cliff, dividend taxes go to ordinary income levels. that's 39.6%. so you add 39.6% with the health care tax, you're coming up with 44% dividend, taxes. do y
they're looking to washington for leadership to address meaningful issues. right now they're doubtful they're going to see it. >> right wha do you think it's going to take to get the vej back into this market? the individual, i feel like, has been gone for a little while now. >> 10, 12 years it feels like. >> it really does. >> i think it's going to take a settlement in washington. it's going to take compromise. it's going to take a belief that we're actually on a path...
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Nov 6, 2012
11/12
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i think if you do that and do that gradually, which is kind of what's happened in the past in washington, i think you avert the catastrophe that many people are talking about. look, i think the rally today also is another thing. you're going to have certainty tomorrow. you may not like who wins. but you're going to know what the outcome is, and you're going to know how to plan for your business. businesses have argued they don't like president obama, but they'll know tomorrow whether he's going to be the president or not. they'll know how to plan. >> one of the bottlenecks for the economy has been the lack of capital spending, capital expenditures by corporations. they're sitting on a lot of cash. does it matter who wins for them? will they start spending no matter who takes the white house or the house and the senate? >> well, i think the answer is what i just said before. you're going to have more certainty tomorrow. you may not like the policies put in place, but you will know what's going on. i think that is a major improvement over where we are yesterday as to where we'll be tomorro
i think if you do that and do that gradually, which is kind of what's happened in the past in washington, i think you avert the catastrophe that many people are talking about. look, i think the rally today also is another thing. you're going to have certainty tomorrow. you may not like who wins. but you're going to know what the outcome is, and you're going to know how to plan for your business. businesses have argued they don't like president obama, but they'll know tomorrow whether he's going...
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Nov 13, 2012
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. >> when we talk about a grand bargain, and a big deal that might happen here in washington, it seems clear that labor leaders won't get everything they want, neither will folks up on wall street or in the business community as well. >> whatever you call it, it's not helping the markets. and big companies like apple and microsoft aren't pulling their weight, either. >> there's a bomber squid and sinoski squid and hear the stock trading down. obviously when someone leaves it isn't necessarily a good sign. >> at least we've got some investors who are hopeful, or dil delusion delusional. >> part of the transformation of jcpenney, gone to launch the fastest growing specialty retail of all time, new jcp. >> it's a confusing market. let's make sense of it. "fast money" starts right now. >>> live from the nasdaq market site in new york city's times square i'm melissa lee. here are top three trades. tech troubles, major stumble for microsoft as the head of windows leaves. >>> plus, johnson's foley. jcpenney drops again. is ron johnson putting the viability at risk? the traders will detail tha
. >> when we talk about a grand bargain, and a big deal that might happen here in washington, it seems clear that labor leaders won't get everything they want, neither will folks up on wall street or in the business community as well. >> whatever you call it, it's not helping the markets. and big companies like apple and microsoft aren't pulling their weight, either. >> there's a bomber squid and sinoski squid and hear the stock trading down. obviously when someone leaves it...
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Nov 27, 2012
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grid lock in washington dragging on stocks again today. let's go with the latest on fiscal cliff talks on capitol hill. >> let me give you a sense of what the impact was from the fiscal cliff talks here in washington. just after 2:00 when the senate majority leader came to talk to reporters about progress in the talks take a look at this s&p chart and you see that the market drops right as harry reid speaks. talking about that lack of progress. let me tell you exactly what he said and why i think the market got it a little bit wrong today. here is harry reid's comment that the market was reacting to. >> there has been little progress with the republicans which is a disappointment to me. they talked happy talk about doing revenues but we only have a couple of weeks to get something done. we have to get away from the happy talk and start talking about specific things. >> my take on this is that the market heard the senate majority leader saying there is little progress up here but what he was really saying is there is little progress with th
grid lock in washington dragging on stocks again today. let's go with the latest on fiscal cliff talks on capitol hill. >> let me give you a sense of what the impact was from the fiscal cliff talks here in washington. just after 2:00 when the senate majority leader came to talk to reporters about progress in the talks take a look at this s&p chart and you see that the market drops right as harry reid speaks. talking about that lack of progress. let me tell you exactly what he said and...
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Nov 9, 2012
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we want to pursue more of this developing story out of washington. the sudden resignation of general david petraeus as the director of the cia. that resignation being accepted by the president a wile ago. general petraeus admitting to an extramarital affair as a result of all of this. we're joined by our nbc news colleague andrea mitchell with more on this. what can you tell us at this point? >> it was as shocking to me as to everyone else in washington. i was hearing the reports overnight. then we did manage to confirm this and get the announcement that the cia director sent to the work force today. he says that he went to the white house and asked the president to be allowed for personal reasons to resign, that after 37 years of marriage, he showed, in his words, extremely poor judgment by engaging in an extramarital affair. he writes, such behavior is unacceptable as a husband and as the leader of an organization such as ours. this afternoon the president graciously accepted my resignation. he says as i depart, i want you to know it's been the gre
we want to pursue more of this developing story out of washington. the sudden resignation of general david petraeus as the director of the cia. that resignation being accepted by the president a wile ago. general petraeus admitting to an extramarital affair as a result of all of this. we're joined by our nbc news colleague andrea mitchell with more on this. what can you tell us at this point? >> it was as shocking to me as to everyone else in washington. i was hearing the reports...
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Nov 19, 2012
11/12
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washington is a ghost town. the president's out of country -- >> those are good things. >> congress is not coming back until next week. no one will go before the cameras and jeopardize the cliff. the only file you have to run is the kum-bi-ya moment after the meeting. they said nothing across the pond will hurt us, let's buy here. >> no sense of urgency right now. does the market feed off that? is that what's going on here? >> i continue to look at the treasury market. you can look at a chart overlaid with the stock market. we were following themmer earlier, especially with the opening you describe, then it started to fall off. treasury market seems unimpress unimpressed. i'm in agreement with art, which is a good thing because art is mostly right, that is, nobody's driving the car from a political standpoint. that's the only time i can say a car without a driver is a safer car to be in. the market is reflecting that. if you want to look at something to give you a good clue, watch the euro relationship with our
washington is a ghost town. the president's out of country -- >> those are good things. >> congress is not coming back until next week. no one will go before the cameras and jeopardize the cliff. the only file you have to run is the kum-bi-ya moment after the meeting. they said nothing across the pond will hurt us, let's buy here. >> no sense of urgency right now. does the market feed off that? is that what's going on here? >> i continue to look at the treasury market....
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Nov 28, 2012
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all based on the rhetoric out of washington. >> unfortunately. green mountain coffee shares are rallying after posting blowout numbers. herb greenberg isn't buying into the hype. why he's still bearish on the stock, next. >>> the powerball jackpot now at $550 million. no matter who wins, states are going to rake in a lot of money from ticket sales. somebody here says new york and new jersey should use those funds to rebuild their states from the devastation of superstorm sandy. looking for a better place to put your cash? here's one you may not have thought of -- fidelity. now you don't have to go to a bank to get the things you want from a bank, like no-fee atms, all over the world. free checkwriting and mobile deposits. now depositing a check is as easy as taking a picture. free online bill payments. a highly acclaimed credit card with 2% cash back into your fidelity account. open a fidelity cash management account today and discover another reason serious investors are choosing fidel can i help you? i heard you guys can ship ground for less th
all based on the rhetoric out of washington. >> unfortunately. green mountain coffee shares are rallying after posting blowout numbers. herb greenberg isn't buying into the hype. why he's still bearish on the stock, next. >>> the powerball jackpot now at $550 million. no matter who wins, states are going to rake in a lot of money from ticket sales. somebody here says new york and new jersey should use those funds to rebuild their states from the devastation of superstorm sandy....
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Nov 12, 2012
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we'll have the latest on the fiscal cliff fiasco coming out of washington. >> will america soon be the new saudi arabia when it comes to oil? it's not science fixction. it's happening quicker than what you might think. what will it do to gas prices at the pump? >> it is very good stuff. right now the markets hoping to start the week off on a positive note after that rough go since the election last week. the dow up just 12 points. again, very light volume. no bond trading today because of the veterans day holiday. not a lot of direction for the markets today. up a point and change for nasdaq. at 2906. apple and microsoft sort of impacting the market today. the s&p 500 is up 1 1/2 points at 1381. less than an hour to go, let's talk with stocks in the green. can we manage to kick off the week in a positive note after last week's big losses? uncertainty over the resolution of the fiscal cliff is going to see for the foreseeable future, until the end of the year, as investors weigh what to do about that. what is the investor to do now that the markets get out of the way? >> we have chris l
we'll have the latest on the fiscal cliff fiasco coming out of washington. >> will america soon be the new saudi arabia when it comes to oil? it's not science fixction. it's happening quicker than what you might think. what will it do to gas prices at the pump? >> it is very good stuff. right now the markets hoping to start the week off on a positive note after that rough go since the election last week. the dow up just 12 points. again, very light volume. no bond trading today...
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Nov 19, 2012
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though fear is now a bit on the back burner with the positive talk and perhaps maybe the lack of talk in washington. since they are on vacation maybe we should keep them there. >> that was the spot vix but i think it is interesting that in future monthathize vix also came in. >> that's right. it is obviously a bear market in fear. the big setup you look at the vix you spengted it to go to the upside it never could do that. you would expect the vix to be well over 20. when you find out no one is interested in buying options on a day like today the few people that did buy options also the fact that we have a thanksgiving week and then a couple of days where nothing is going to happen and that lowers the vix. that is part of what is going on. >> good reminder on that. our traders shoot right on the target sometimes and sometimes they miss. let's play the good, the bad and the ugly. karen knows an opportunity to keep on trucking with cumins engines. >> i like cumins engines. we were all sitting here and they preannounced the stock is cheap. net cash and so the multiple here went well south of ten i thi
though fear is now a bit on the back burner with the positive talk and perhaps maybe the lack of talk in washington. since they are on vacation maybe we should keep them there. >> that was the spot vix but i think it is interesting that in future monthathize vix also came in. >> that's right. it is obviously a bear market in fear. the big setup you look at the vix you spengted it to go to the upside it never could do that. you would expect the vix to be well over 20. when you find...
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Nov 7, 2012
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eamon javers is there in washington -- i think you're in washington. do you go back already? >> i did. i'm here in washington already. >> what did you make? >> the news here is speaker of the house john boehner is putting new revenues on the table. he's saying here that what he doesn't want to see is simply letting the bush tax cuts for those over $250,000 expire. that's the president's plan. what boehner here is signaling is he's willing to engage in a much more complicated deal-making process, the kind of which he engaged with the president back in the summer of 2011. they weren't able to get the deal done then, but boehner seemed to be saying just here that he's willing to go back and renegotiation there and very conciliatory there at the end with the language to the president, mr. president, we are willing to be led. that's not the kind of rhetoric you heard from house republicans last summer, last year, before this election. so maybe there is a moment here post-election where things can change. i do want to add that harry reid, the senate democratic leader, was up on cap
eamon javers is there in washington -- i think you're in washington. do you go back already? >> i did. i'm here in washington already. >> what did you make? >> the news here is speaker of the house john boehner is putting new revenues on the table. he's saying here that what he doesn't want to see is simply letting the bush tax cuts for those over $250,000 expire. that's the president's plan. what boehner here is signaling is he's willing to engage in a much more complicated...
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Nov 7, 2012
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he didn't go to washington even though he spent $17 million trying. then there was joe kors in colorado. he certainly had name recognition. he's from the coors beer family. his money wasn't enough to unseat the incumbent there. do voters just dislike the wealthy? that's one theory. the 2010 elections saw most rich candidates fail. the other theory is that these candidates just are not electable. wealthy or not. money can do a lot of things, but apparently it can't guarantee you a seat in the senate. maria. >> that's really extraordinary. i guess, you know, the question is, was it a waste of money for these guys? apparently it was. >> a lot of people will ask, you know, what else could linda mcman have done with that $100 million? she could have done a lot of things. i think they would say they probably impacted the debate, discussion. who knows whether they could have won or lost. if you ask them, it was probably money well spent. although, they're not feeling very good today. >> right. just to get their voice in the conversation. >> exactly. >> rober
he didn't go to washington even though he spent $17 million trying. then there was joe kors in colorado. he certainly had name recognition. he's from the coors beer family. his money wasn't enough to unseat the incumbent there. do voters just dislike the wealthy? that's one theory. the 2010 elections saw most rich candidates fail. the other theory is that these candidates just are not electable. wealthy or not. money can do a lot of things, but apparently it can't guarantee you a seat in the...
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Nov 16, 2012
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just get back to washington and get the job done. tax revenue, yes. we need more tax revenue. can you do that in a number of different ways and pro-growth policy is the best way to do that. having an energy plan that actually allows us to utilize responsibly the energy resources we have right here. a health care plan that is predictable for folks, that provides some certainty for job creators. then a regulatory scheme that isn't punishing those folks out there trying to create businesses and jobs. >> i've been tough on the republicans as well for not bending on an issue that is relatively small. the money that we're talking about is not that big of a deal. you guys have hurt yourself by not wavering. i will end with this, congressman. it seems the democrats are overselling the same dollars multiple times. we're going to use it for this, we're going to use it for this. in reality, a, it is not that much, and b, it seems like it's already spent. >> look, these folks seem to be more interested in increasing taxes as opposed to increasing economic activity. it's not increased taxe
just get back to washington and get the job done. tax revenue, yes. we need more tax revenue. can you do that in a number of different ways and pro-growth policy is the best way to do that. having an energy plan that actually allows us to utilize responsibly the energy resources we have right here. a health care plan that is predictable for folks, that provides some certainty for job creators. then a regulatory scheme that isn't punishing those folks out there trying to create businesses and...
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Nov 27, 2012
11/12
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many thanks to john harwood coming from washington, d.c. now, with everyone in washington talking tax hikes, whatever happened to spending cuts? that's really my question. spending cuts and limited government and private sector free enterprise and growth. here now is cnbc contributor and democratic vat gist keith boykin, a former clinton white house aide and best selling author and talk show host larry elder, out with a new took, "dear father, dear son." larry already the show talking about the book. there may be a deal on taxes, i have no idea, but i don't hear any reductions in spending. wasn't $1.2 trillion sequester, larry. that seems to be gone, the across-the-board cuts. i want to ask you do you think it's possible that this whole exercise could wind up enlarging government, increasing the entitlement state and not doing what many of us want it to do? >> let me think about that. i've thought about that. unfortunately, larry, you are right. one of the republican favorite exercise according to my friend tom sowell is running for the him
many thanks to john harwood coming from washington, d.c. now, with everyone in washington talking tax hikes, whatever happened to spending cuts? that's really my question. spending cuts and limited government and private sector free enterprise and growth. here now is cnbc contributor and democratic vat gist keith boykin, a former clinton white house aide and best selling author and talk show host larry elder, out with a new took, "dear father, dear son." larry already the show talking...
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Nov 20, 2012
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. >> eamon javers in washington has the latest details here. >> hi, bill. yesterday i was in an empty hallway here on capitol hill. today we have an empty stairway here. just a couple tour groups up here. otherwise, it's pretty dead here. that's because most lawmakers are already home for thanksgiving break here in washington. the staffers who are here have come up. it's a relaxed day. behind the scenes, we're getting information that we're seeing some movement within the republican party in terms of the grover norquist anti-tax pledge. a couple prominent lawmakers have said that they don't necessarily any longer agree with the pledge that they themselves signed. some of those lawmakers include senator john mccain of arizona, tom coburn of oklahoma, and senator lindsay graham. take a look at this quote. this is what lindsay graham told his hometown newspaper just yesterday. he said, i signed it, meaning the pledge, in 2002. i'm not signing anymore pledges. i'm just going to take an oath to the constitution. i ain't signing no more pledges. that's what linds
. >> eamon javers in washington has the latest details here. >> hi, bill. yesterday i was in an empty hallway here on capitol hill. today we have an empty stairway here. just a couple tour groups up here. otherwise, it's pretty dead here. that's because most lawmakers are already home for thanksgiving break here in washington. the staffers who are here have come up. it's a relaxed day. behind the scenes, we're getting information that we're seeing some movement within the republican...
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Nov 5, 2012
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we're joined by politico's chief washington correspondent jonathan allen. good to have you with us. with mr. christie ever formally offered the job to be romney's running mate? >> not according to reporting that my colleagues mike allen did over the weekend. certainly he was somebody who was foremost in mitt romney's mind before he went on that foreign trip. remember he went over to london for the olympics and some other countries. by the time he came back he wanted paul ryan. i think that this is a situation where again just like 2008 there was a presidential candidate who really was interested in moving toward a moderate for the vice presidential pick and ended up going back to the base when they actually made the selection. >> so what changed in mr. romney's mind if this flirtation, that fascination or whatever it was with governor christie cooled. what changed? >> if only i could get into mitt romney's mind to know exactly what was going on there at the time. unfortunately, i don't have that power. it would be a great power particularly for predict being the stock market. but i
we're joined by politico's chief washington correspondent jonathan allen. good to have you with us. with mr. christie ever formally offered the job to be romney's running mate? >> not according to reporting that my colleagues mike allen did over the weekend. certainly he was somebody who was foremost in mitt romney's mind before he went on that foreign trip. remember he went over to london for the olympics and some other countries. by the time he came back he wanted paul ryan. i think...
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Nov 26, 2012
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>>> the other big story in washington, a shakeup at s.e.c. eamon javers joins us with details. >> a lot of changes at s.e.c. mary schapiro is out. she'll be leaving on december 14th. president has designated a successor to her, elisse walter. cnbc has been talking to a lot of different folks here trying to get some information about who might then succeed elisse walter who is expected to finish out mary schapiro's term. one name i want to throw out is the white house is talking to sallie krawcheck about a few different roles, including chairman of s.e.c. she's worked at bank of america and citi and other places on wall street as well. that's one name to keep an eye on, bill. back to you. >> very interesting. eamon, thanks very much. >>> clicks and profits, u.s. consumers are expected to spend at least $1.5 billion on this cyber monday. we'll run through the cyber winners and losers next. >>> here's another number. $5 billion, that's how much americans are expected to spend on christmas gifts for their pets this year. we'll talk to petsmart ce
>>> the other big story in washington, a shakeup at s.e.c. eamon javers joins us with details. >> a lot of changes at s.e.c. mary schapiro is out. she'll be leaving on december 14th. president has designated a successor to her, elisse walter. cnbc has been talking to a lot of different folks here trying to get some information about who might then succeed elisse walter who is expected to finish out mary schapiro's term. one name i want to throw out is the white house is talking...
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Nov 9, 2012
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so is it now okay to weep in washington? we'll talk about that. >>> and tonight on "mad money," a salute to america's veterans. aig's robert benmosche will be on "mad money" tonight at 6:00 p.m. and 11:00 p.m. eastern time. back with more "power lunch" in a moment. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and even lower than vanguard. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that means with schwab, tdd#: 1-800-345-2550 your portfolio has tdd#: 1-800-345-2550 a better chance to grow. tdd#: 1-800-345-2550 and you can trade all our etfs online, tdd#: 1-800-345-2550 commission-free, from your sch
so is it now okay to weep in washington? we'll talk about that. >>> and tonight on "mad money," a salute to america's veterans. aig's robert benmosche will be on "mad money" tonight at 6:00 p.m. and 11:00 p.m. eastern time. back with more "power lunch" in a moment. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550...
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Nov 28, 2012
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. >> at least until the partisans in washington realize what's at stake. or should we say, if they do? >> senator reid basically said we're not going to have one. warren buffett talking about going over, probably going to happen, january. the dichotomy has changed. i thought it was on/off, now i feel like it's on, we're going to go over. >> business leaders pleading with the president right now. >> we're not telling people what to do. we're not in a position, we're not elected to do that. but we do have expertise, and the people who are legislating are right to ask our views. >> protecting and profiting from the fiscal cliff on "fast money" tonight. >> live from the nasdaq market site in new york city's time square, i'm melissa lee. just buy it fiscal cliff headlines are whipping the market. >>> and swimming with the sharks, real estate mogul and shark tank star barbara corkwin. >>> and about face, facebook shares hitting another multimonth high. should you be buying this turn around? we'll get the bull case with the shareholder of graykroft partne partner
. >> at least until the partisans in washington realize what's at stake. or should we say, if they do? >> senator reid basically said we're not going to have one. warren buffett talking about going over, probably going to happen, january. the dichotomy has changed. i thought it was on/off, now i feel like it's on, we're going to go over. >> business leaders pleading with the president right now. >> we're not telling people what to do. we're not in a position, we're not...
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Nov 8, 2012
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the largest internet retailer says it will ship wine to 12 states and washington, d.c. shipping six bottles will cost you about $10. ty, such a deal! >> all right. >>> this is a chart of apple. and this is a chart of apple on drugs. put it on the board. downers! ambien, down almost 20% in two months. nasdaq after more than 6% over the same time frame. account nasdaq grow if apple doesn't? that's next. >>> before the break though, what kinds of retail tactics will get you in the store this holiday season? there are your options. go-go, finance.yahoo.com. go vote. that's next. [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td
the largest internet retailer says it will ship wine to 12 states and washington, d.c. shipping six bottles will cost you about $10. ty, such a deal! >> all right. >>> this is a chart of apple. and this is a chart of apple on drugs. put it on the board. downers! ambien, down almost 20% in two months. nasdaq after more than 6% over the same time frame. account nasdaq grow if apple doesn't? that's next. >>> before the break though, what kinds of retail tactics will get you...
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Nov 12, 2012
11/12
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congress isn't in session doesn't mean talks don't continue or they can't come back or be forced back into washington, d.c. they've also been known to postpone their recess in necessary but that, my friend, does not leave a lot of time. big debate in the fiscal cliff is this. should we be raising taxes on the wealthy as the president wants and he defines that as $250,000 a year or more. some people said that's too low, make it $1 million. some people said raise taxes on everybody. let's talk about it with caved callahan, co-founder and senior fellow at demoss and dan mitchell from the cato institute. why should we raise taxes on every american? >> brian, if you remember that bush tax cut when first enacted in 2001 was meant to be temporary and it was enacted at a time when we thought we had budget surpluses which turned out to be overstated, and even looking back retroactively, it wasn't affordable at the time which is why we racked up a huge amount of debt under george bush's presidency and it is certainly not affordable now, those bush tax cuts. the problem is if you only get rid of the tax cuts fo
congress isn't in session doesn't mean talks don't continue or they can't come back or be forced back into washington, d.c. they've also been known to postpone their recess in necessary but that, my friend, does not leave a lot of time. big debate in the fiscal cliff is this. should we be raising taxes on the wealthy as the president wants and he defines that as $250,000 a year or more. some people said that's too low, make it $1 million. some people said raise taxes on everybody. let's talk...
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Nov 16, 2012
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steve handelsman there in washington. thanks very much. >> a lot of questions with answers unfilled. thank you very much. >>> ding dongs, no more. twinkies are toast. >> did you ever have a twinkie? >> i had my first one this week. >> i thought so. you had that whole closet there. >> i did not grow up with those iconic brands in australia. well, hostess brands is going out of business because one-third of its 18,000 workers failed to reach a deal with management. why did the union give up lower paying jobs for no jobs at all? we'll have that debate next. >> looking forward to that. >>> also ahead, did you camp out to see the last "twilight" movie? as the final film hits the series, lionsgate is hoping for another wave of popular receipts. we'll have the lionsgate trade coming up. >>> also, how do you profit from poverty and feel good about it? meet the man doing just that. we'll explain. what makes the sleep number store different? you walk into a conventional mattress store, it's really not about you. we have so much tec
steve handelsman there in washington. thanks very much. >> a lot of questions with answers unfilled. thank you very much. >>> ding dongs, no more. twinkies are toast. >> did you ever have a twinkie? >> i had my first one this week. >> i thought so. you had that whole closet there. >> i did not grow up with those iconic brands in australia. well, hostess brands is going out of business because one-third of its 18,000 workers failed to reach a deal with...
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Nov 5, 2012
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our chief washington correspondent and birthday boy, john harwood is following the candidates' last-minute moves. happy birthday. >> thank you, guys. it is the only poll that matters tomorrow but we have a lot of other polls, which don't matter, which are giving us signals of where the candidates are and why they're going to those states. crisscrossing the battlegrounds, ohio, wisconsin, colorado, the candidates are all there. if you look at our nbc/wall street poll, 47-48 obama. look at the battle of the swing states, of the nine swing states, only in two does mitt romney have a lead in the real clear politics average of polls. that's north carolina and florida. all the others, iowa, colorado, new hampshire, ohio, the rest of that set of battle ground states are all leading for obama. now, many of them are close, but if mitt romney only carries florida and north carolina among those battleground states, he's only 235 electoral votes. what he has to do is put together in this final sprint victories in states like virginia, like in ohio, like wisconsin, like colorado. that's the way he coul
our chief washington correspondent and birthday boy, john harwood is following the candidates' last-minute moves. happy birthday. >> thank you, guys. it is the only poll that matters tomorrow but we have a lot of other polls, which don't matter, which are giving us signals of where the candidates are and why they're going to those states. crisscrossing the battlegrounds, ohio, wisconsin, colorado, the candidates are all there. if you look at our nbc/wall street poll, 47-48 obama. look at...
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Nov 26, 2012
11/12
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should you be encouraged by the latest comments out of washington. let's get to the top story. should you be betting on some of the tech names? you have facebook, yahoo all getting upgrades. should you be buying to the rebound. grasso, goldman sachs is saying conviction for yahoo. >> yahoo i agree with. for me facebook was a buying opportunity based on technicals. yahoo is in an improve me stage. 19 is real resistance. marissa may erwhen she came back six hours after having a baby she came back. to me that was -- >> i'm looking for paternity leave these days. >> you have to go to norway for that one. >> it is a tremendous story. they are investing. they are buying more opportunities. they still have competition but the stock is really proving itself but it is at a make or break section right here. it has to cross over $19.50 just to be precise. >> and for facebook it is trying to grind its way back to $38. it is a long way below that. any love. >> this is definitely one where you are getting more data to look at the comps score data up 6.4 on mobile. the mobile revs btig, burn
should you be encouraged by the latest comments out of washington. let's get to the top story. should you be betting on some of the tech names? you have facebook, yahoo all getting upgrades. should you be buying to the rebound. grasso, goldman sachs is saying conviction for yahoo. >> yahoo i agree with. for me facebook was a buying opportunity based on technicals. yahoo is in an improve me stage. 19 is real resistance. marissa may erwhen she came back six hours after having a baby she...
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Nov 19, 2012
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so, the markets say, hey, maybe they'll work things out in washington. the unfortunate thing is this lift today will be met with more selling as we get closer to the holiday and the long weekend. >> this is not a new phase here -- >> you can look at volume, behavior of the trading and it looks like we'll have a little more of a lift. we've broken through a level that held nicely. started to lift onto the tail end of the day. i think if we can get a little closer to the tail end, but toward the end of the year, we'll test higher. >> do you believe this is a rise above rally? do you believe it won't hold? >> it's going to be very choppy. what bill mentioned about the 200-moving day rally, there's a sentiment when the market gets to a certain point, we're starting to see that, certainly with the clients we're talking to. yes, huge fear about the fiscal cliff but also is in the back of their mind fear about missing rally. they've already missed the rally in many cases. clients that have been sitting in cash. i think there is some bounce on this market. wheth
so, the markets say, hey, maybe they'll work things out in washington. the unfortunate thing is this lift today will be met with more selling as we get closer to the holiday and the long weekend. >> this is not a new phase here -- >> you can look at volume, behavior of the trading and it looks like we'll have a little more of a lift. we've broken through a level that held nicely. started to lift onto the tail end of the day. i think if we can get a little closer to the tail end, but...
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Nov 8, 2012
11/12
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we'll get his reasoning on that and get a bull/bear debate going. >>> plus, can washington rise above and come together before we drive off the fiscal cliff? why some fear it cannot. back in a moment. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime... tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 trade at charles schwab for $8.95 a trade. tdd#: 1-800-345-2550 open an account and trade up to tdd#: 1-800-345-2550 6 months commission-free online equity trading tdd#: 1-800-345-2550 with a $50,000 deposit. tdd#: 1-800-345-2550 call 1-866-294-5412. >>> welcome back. a little over 30 minutes left on the trading session. if you're just joining us, time to get a quick sta
we'll get his reasoning on that and get a bull/bear debate going. >>> plus, can washington rise above and come together before we drive off the fiscal cliff? why some fear it cannot. back in a moment. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it...
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Nov 16, 2012
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in the meantime, can washington deliver a deal? investors seem a bit more hopeful today after comments from congressional leaders this morning. the market indeed turn around when they spoke. >> yes, however, erskine bowles, the foreman debt commission co-chair, one of the arkt tects of the simpson/bowles plan, told maria yesterday he still has real concerns. listen. >> if we get over the cliff, we don't have a deal, and the market doesn't anticipate that we're actually going to be so stupid as to go over the cliff, then i think you'll see the market really crash. >> well, so what is larry cantor at barclays telling his clients? for you, this is partly a timing issue. if it does take a long time, if we do go to the brink t would be worse for the markets, don't you think? >> absolutely. and it could well do that. one thing i want to point out here is cliff is actually a bad word. people seem to think over $600 billion of tax increases and spending cutting are going to hit the economy all at once on january 1st. that's not true. the 6
in the meantime, can washington deliver a deal? investors seem a bit more hopeful today after comments from congressional leaders this morning. the market indeed turn around when they spoke. >> yes, however, erskine bowles, the foreman debt commission co-chair, one of the arkt tects of the simpson/bowles plan, told maria yesterday he still has real concerns. listen. >> if we get over the cliff, we don't have a deal, and the market doesn't anticipate that we're actually going to be...
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Nov 30, 2012
11/12
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he said he's got a naughty and nice list back in washington. he's got certain congressmen in mind to be on that naughty and nice list. but take a listen to what the president said making the case that this is all about tax cuts for the rich and republicans wanting to preserve those. >> what's riding on this debate. this is too important to our economy. it is too important for our families to not get it done. it's not acceptable to me and i don't think it is acceptable to you for just a handful of republicans in congress to hold middle class tax cuts hostage simply because they don't want tax rates on upper income folks to go up. >> then one of those congressmen who's presumably on the president's naughty list today, speaker john boehner, who came out just a few minutes after the president spoke. he talked here on capitol hill a little bit about the stalemate that he sees these talks being at this point. sort of a glum take here from the speaker of the house. obviously he's saying that these negotiations not broken down. they continue to talk bu
he said he's got a naughty and nice list back in washington. he's got certain congressmen in mind to be on that naughty and nice list. but take a listen to what the president said making the case that this is all about tax cuts for the rich and republicans wanting to preserve those. >> what's riding on this debate. this is too important to our economy. it is too important for our families to not get it done. it's not acceptable to me and i don't think it is acceptable to you for just a...
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Nov 23, 2012
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the flash pmi out of china so you had some -- they do want to have concrete news come out of the washington, d.c., whether they get that greek deal, very, very carefully to see how strong this rebound that we're seeing in housing, the recoveries we're seeing in housing. >>> bottom line for both of you, end of the year, will we be higher or lower? >> higher buys, the economy is showing some signs of recovery, a catalyst for higher prices. >> i think you could see some downward pressure, because of people taking profits, getting the capital gains. also, as you look at profits for next year, if our number is true, mandy, if the profits will be lower next year, then you want to take some money off the table. stay with your technology, with your health care, stay with defensive stocks. >> you still like apple? >> we love apple. we think it can get back to 7350. but china, ipad, iphone, those will be -- >> a good week this week. thank you get to the mood as well, with your candy striped tie. >> look at those numbers, two for the lottery. >>> about ten minutes left, only a half trading day. the ra
the flash pmi out of china so you had some -- they do want to have concrete news come out of the washington, d.c., whether they get that greek deal, very, very carefully to see how strong this rebound that we're seeing in housing, the recoveries we're seeing in housing. >>> bottom line for both of you, end of the year, will we be higher or lower? >> higher buys, the economy is showing some signs of recovery, a catalyst for higher prices. >> i think you could see some...
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Nov 21, 2012
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an extended thanksgiving break as washington is turning heads on wall street. just listen to mario this morning. >> if you have these guys in new york, mayor bloomberg, mayor booker, the governors, cuomo, christie, malloy, if they went on holiday while we had sandy, what would you do? we have an economic crisis. they're going home for thapnk giving. they're going to take a short break in december. yeah, we have to have a patch, but we have to have a fix. >> so does he have a point? is congress taking the fiscal cliff seriously enough? joining me right now, the man in charge at insurance broker willis group. joe is also on the fix the debt campaign. it's great to have you on the program. >> nice to see you again. >> thank you so much. we had this big rally in stocks on monday. on some rhetoric, i guess, that led investors to believe there was optimism we will get a deal done on this fiscal cliff. now they've left town. what do you think happens? >> i don't understand why there's not a sense of urgency. i agree with mario. i don't know that people appreciate the
an extended thanksgiving break as washington is turning heads on wall street. just listen to mario this morning. >> if you have these guys in new york, mayor bloomberg, mayor booker, the governors, cuomo, christie, malloy, if they went on holiday while we had sandy, what would you do? we have an economic crisis. they're going home for thapnk giving. they're going to take a short break in december. yeah, we have to have a patch, but we have to have a fix. >> so does he have a point?...
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Nov 19, 2012
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the fact that washington is on vacation -- not helping. eamon javers is live on capitol hill where congress isn't. eamon. >> that's right. look behind me. see if you see any members of congress. they're not here, they're on recess for thanksgiving week. the president of the united states is in cambodia on an overseas trip of multi-days but there is still some work going on here in washington. let me walk you through thanksgiving week in washington, d.c. starting with the president who over the weekend called some major ceos including jpmorgan's jamie dimon who pick their brains about where they think we should go in terms of this fiscal cliff. he also called warren buffett and tim cook of apple. hill staffers are here today, casual monday on capitol hill, they're putting numbers on paper. democratic senate aides say they are working on language that would allow the top bush tax cuts rates to expire. they're going to hold the line on that provision. then the outside groups are mobilizing. just got an e-mail today from a group of unions incl
the fact that washington is on vacation -- not helping. eamon javers is live on capitol hill where congress isn't. eamon. >> that's right. look behind me. see if you see any members of congress. they're not here, they're on recess for thanksgiving week. the president of the united states is in cambodia on an overseas trip of multi-days but there is still some work going on here in washington. let me walk you through thanksgiving week in washington, d.c. starting with the president who...
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Nov 9, 2012
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seeing a shift in tone in washington since the election. much more conciliatory tone on all sides here. i expect you'll see that on display tomorrow. the question is whether the fundamental stumbling blocks of democrats not wanting entitlement spending cuts and republicans not wants new tax revenues, whether those stumbling blocks can be finessed between now and the end of the year. >> many, many thanks. eamon javers, appreciate it. let's get first reaction from congress on the breaking news. welcome back to the show house gop chief deputy whip peter roskam from the great state of illinois. peter, great to see you as always. a lot of movement now. i want to ask you, do you think it's possible here, post-election, as the stock market literally hammers washington with the selloff? will democrats and republicans rise above partisan politics and get us something that can work? >> i think that there's a tremendous opportunity, larry, and here's why. speaker boehner, yesterday, gave a statement, a 10 or 12-minute statement and offed his sincere c
seeing a shift in tone in washington since the election. much more conciliatory tone on all sides here. i expect you'll see that on display tomorrow. the question is whether the fundamental stumbling blocks of democrats not wanting entitlement spending cuts and republicans not wants new tax revenues, whether those stumbling blocks can be finessed between now and the end of the year. >> many, many thanks. eamon javers, appreciate it. let's get first reaction from congress on the breaking...
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Nov 12, 2012
11/12
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we are showing bets on a potential washington slow down. sometimes investing opportunities are hard to spot. you have to dig a little. fidelity's etf market tracker shows you the big picture on how different asset classes are performing, and it lets you go in for a closer look at areas within a class or sector that may be bucking a larger trend. i'm stephen hett of fidelity investments. the etf market tracker is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your next investing idea. >>> welcome back to "fast money." with a market flash on facebook shares rallying on another ipo lockup expiration set for wednesday november 14 when the lockup of another 804 million shares will expire. we saw the volume surging mid day after the stock was under pressure. the stock turning a quarter to end higher. likely those buying the dip ahead of the lockup. >>> thank you very much. scott nations important to point out the first lockup delayed because of hurricane sandy. this smells of a little bit
we are showing bets on a potential washington slow down. sometimes investing opportunities are hard to spot. you have to dig a little. fidelity's etf market tracker shows you the big picture on how different asset classes are performing, and it lets you go in for a closer look at areas within a class or sector that may be bucking a larger trend. i'm stephen hett of fidelity investments. the etf market tracker is one more innovative reason serious investors are choosing fidelity. get 200 free...
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Nov 9, 2012
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changing any of your irn vestment ideas or advice based on the expected outcome of the negotiations in washington? >> we did trim our year end market from 1475 to 1450. we cut it to 1450 under president obama's re-election. i'm still constructive on the market we have a 15-month 12-month target. there's fiscal tax policy, foreign tax and global economy and signs of reacceleration out of asia, that's where we've been focused on, and if we can see more signs of reaction sell rags and confidence, we'd like to get more aggressive on things like industrials. >> you didn't cut your price target by all that much, but why cut the price target at all based on the re-election of one man? >> there's been a dividend policy. 4 from an equity investment perspective, in an environmental where the yields have benefitted from great p.e. skpaengs as they have been hungry for yield, the dividend issue is key and we want to see the dividend rate stay low and equal. >> brian kelly is one of the traders on the show. he has a question for you. >> sure. >> i'm curious. even if we do get a compromise, we're still looking
changing any of your irn vestment ideas or advice based on the expected outcome of the negotiations in washington? >> we did trim our year end market from 1475 to 1450. we cut it to 1450 under president obama's re-election. i'm still constructive on the market we have a 15-month 12-month target. there's fiscal tax policy, foreign tax and global economy and signs of reacceleration out of asia, that's where we've been focused on, and if we can see more signs of reaction sell rags and...
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Nov 21, 2012
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the problem is with washington there's nothing fundamental here. it's all emotional. that's the big uncertainty. if we can solve that problem, i think we're on the way. >> but can we solve it? >> i think we can. i actually think the fiscal cliff -- they won't solve all the problems, but the fiscal cliff will turn out to be more like a ditch. if they can solve most of the problems, i think the markets are okay. >> got some clapping going on here. >> the applause it for the marines. they have hit the new york stock exchange. it's an annual tradition. >> once a marine, always a marine. >> they will be here ringing the closing bell to kick off the annual toys for tots campaign. and there's a famous bell ringer himself joining us here at the new york stock exchange. of course, the marines and all of the armed forces always get a big hand when they come to the floor of the new york stock exchange. we're very glad they're with us today. what are you going to buy here? do you feel we've seen the lows for the year here? >> i think that right now the market's realized we're goi
the problem is with washington there's nothing fundamental here. it's all emotional. that's the big uncertainty. if we can solve that problem, i think we're on the way. >> but can we solve it? >> i think we can. i actually think the fiscal cliff -- they won't solve all the problems, but the fiscal cliff will turn out to be more like a ditch. if they can solve most of the problems, i think the markets are okay. >> got some clapping going on here. >> the applause it for...
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Nov 16, 2012
11/12
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i'm eamon javers in washington with breaking news. senator chuck grassley says he's got new information on batterymaker a123. it's been a controversial company whose failure has been blamed, in part, on the obama administration. grassley releasing a statement just a few minutes ago saying that the very day that a123 filed for bankruptcy, the department of energy sent the company a check for nearly $1 million. grassley saying that this paints a disturbing picture. he says the department of energy is writing checks to a company literally as it is declaring bankruptcy. he's also saying that a private company and federal grant recipient has provided now more disclosure about its operations and assurances will intellectual property and national security than our own department of energy has provided. grassley saying he's gotten this information directly from a123. not the department of energy. this all plays into the controversial over whether the department of energy or federal government ought to be funding some of these alternative ener
i'm eamon javers in washington with breaking news. senator chuck grassley says he's got new information on batterymaker a123. it's been a controversial company whose failure has been blamed, in part, on the obama administration. grassley releasing a statement just a few minutes ago saying that the very day that a123 filed for bankruptcy, the department of energy sent the company a check for nearly $1 million. grassley saying that this paints a disturbing picture. he says the department of...
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Nov 7, 2012
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this is a status quo election, and as is the case with a lot of things in washington, stat cuss quo is what we're going to get. in other words, it is much more useful to talk about things that will not happen than the things that will happen, because what we've had is gridlock. for example, there will not be carbon trading passed in congress any time soon. that will of course be a relief to the coal industry, to refiners, other high-carbon intensity companies. on the other hand, there will not be, for example, drilling off the coast of florida or the coast of virginia any time soon. not soo much becau much because election, but simply after the mccondo oil spill, that's not in the cards. >> let's boil this down in terms of which stocks will win and which stocks will lose in the energy patch. pavel? >> so, in the context of gridlock, as i mentioned, there are things that we can look to for historical precedent. i mean clearly the obama administration has not been a big fan of the coal industry and the epa has put in, for example, max regulations on coal, power plant emissions have been
this is a status quo election, and as is the case with a lot of things in washington, stat cuss quo is what we're going to get. in other words, it is much more useful to talk about things that will not happen than the things that will happen, because what we've had is gridlock. for example, there will not be carbon trading passed in congress any time soon. that will of course be a relief to the coal industry, to refiners, other high-carbon intensity companies. on the other hand, there will not...
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Nov 13, 2012
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we have a roreport from washington. then, more on how this story is shedding light on how anything you write can be accessed. pretty scary stuff and something to think about. >> really. in the markets right now, fractional gains right now. the dow jones industrial average off the best levels of the afternoon, but still showing a gain of about 17 points. looks like investors wait and see until we get some solutions on the fiscal cliff. nasdaq is negative by a fraction. down about four points. off of the worst levels, by the way. s&p 500 is up about 3 3/4 points at 1383. >> in today's "closing bell" exchange, we have carol roth, bruce mccain, and our own rick santel santelli. rick, i'm going to start with you today because we see that stutter step opening in the u.s. stock market. some of that could be attributable, i guess, to the plunge in spanish ten-year yields when rumors got out that maybe spain was going to ask for a bailout from the ecb. while we obsess so much on the fiscal cliff, the markets are paying close att
we have a roreport from washington. then, more on how this story is shedding light on how anything you write can be accessed. pretty scary stuff and something to think about. >> really. in the markets right now, fractional gains right now. the dow jones industrial average off the best levels of the afternoon, but still showing a gain of about 17 points. looks like investors wait and see until we get some solutions on the fiscal cliff. nasdaq is negative by a fraction. down about four...
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Nov 10, 2012
11/12
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point them at washington. good evening, everyone, this is "the kudlow report." >> the president urged both sides of the aisle to get america's fiscal house before we fall off the cliff 52 days from now. what if they're arguing about the difference between tax loopholes and marginal tax rates. that's the debate. >> you mark my words. there's no way that the entire tax hike would be allowed to take place. no way. in terms of investment strategy, it is ridiculous that we'll be facing this. why all of the bickering when it equates to just one quarter of 1% of gdp. all right, supply side art mentor will join us to discuss. >>> also tonight, a shocker, david petraeus quits in disgrace or was he forced out just days before he was to testify in front of congress over the benghazi embassy terror attack. will we ever get the real answers? was the threat of blackmail behind this? >> we begin this evening with the president pushing congress to come together right now and solve the fiscal cliff mess. let's give peace a cha
point them at washington. good evening, everyone, this is "the kudlow report." >> the president urged both sides of the aisle to get america's fiscal house before we fall off the cliff 52 days from now. what if they're arguing about the difference between tax loopholes and marginal tax rates. that's the debate. >> you mark my words. there's no way that the entire tax hike would be allowed to take place. no way. in terms of investment strategy, it is ridiculous that we'll...
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Nov 21, 2012
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washington has big problems, and the solutions are probably going to mean painful medicine around. is there a moment when the markets wake up and realize and say, oh, my gosh, we have to realize we are talking about spending cuts, higher taxes and combination of these two things could lead to some troubling times for the markets too? >> well, that's going to be found out once the deal is in. let's say they had some sort of a deal and you start breaking it down. you'll have to look at how is it going to impact the economy? i imagine they're going to do it to minimize whatever impact there is. it seems to me, there's growth in this economy and we're looking for a place to spring board from it. so they're not going to want to ruin that chance. but until the details are out, we're really not going to want to know. >> we have not talked fiscal cliff with you in-depth on these things. what it means for the markets now, the changes, potential tax law changes could mean. what are you hopeful about? what are you worried about? >> for the next five years, ten years, a very simple model. you
washington has big problems, and the solutions are probably going to mean painful medicine around. is there a moment when the markets wake up and realize and say, oh, my gosh, we have to realize we are talking about spending cuts, higher taxes and combination of these two things could lead to some troubling times for the markets too? >> well, that's going to be found out once the deal is in. let's say they had some sort of a deal and you start breaking it down. you'll have to look at how...
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Nov 28, 2012
11/12
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unlike someone in washington. where the country is appropriate the most successfully one in mankind. >> is europe learning from switzerland? >> the fragility of e -- okay -- is past. in the process of breaking. and gradual and slow transformation into -- if you want europe to survive, it is going to move to something closer to switzerland. >> how about eequipped and the middle east? that's another big stressor. >> egypt is a prime case of what i -- let me invent a word here -- gran greenspanization of something. egypt, the policy of the western world was egypt by propping up mubarak to have stability, quote, unquote, was account of greenspan stability we have, that kind of pseudo moderation. things were brewing under the surface and now we pay the price after 40 years of sadat and the other fellow. so now we have to pay the price. what's going to happen? nobody knows. even the players don't know. we still don't know. i don't think it is going -- we're going to move to democracy overnight. we're going to have turmo
unlike someone in washington. where the country is appropriate the most successfully one in mankind. >> is europe learning from switzerland? >> the fragility of e -- okay -- is past. in the process of breaking. and gradual and slow transformation into -- if you want europe to survive, it is going to move to something closer to switzerland. >> how about eequipped and the middle east? that's another big stressor. >> egypt is a prime case of what i -- let me invent a word...
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Nov 28, 2012
11/12
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let me talk about lloyd blankfein, the ceo of goldman sachs who's here in washington today making the rounds. what a difference a year makes for lloyd glablankfein who for past couple of years has been something of a pariah. this morning he told me what he had's like to see out of a deal here in washington. >> we're in the middle of a financial crisis and an economic crisis. so you'd expect the people who are in the middle of the economy and who know most about finance to go down and give their opinions. again, we're not telling people what to do. we don't -- we're not in a election, we're not elected to do that but we do have the exper cease and the people who are legislating are right to ask our views. >> lloyd blankfein there being a little bit gentle saying we're not here to tell people what to do but cl is clearly a message these ceos want to get across today. a little bit while ago we saw a press conference here on capitol hill where ceos called for a bipartisan solution. >> so we encourage congress and the white house to put aside the political rhetoric that still invades this
let me talk about lloyd blankfein, the ceo of goldman sachs who's here in washington today making the rounds. what a difference a year makes for lloyd glablankfein who for past couple of years has been something of a pariah. this morning he told me what he had's like to see out of a deal here in washington. >> we're in the middle of a financial crisis and an economic crisis. so you'd expect the people who are in the middle of the economy and who know most about finance to go down and give...
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Nov 6, 2012
11/12
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congress and washington responds to pain. that might be why we're about to go over the fiscal cliff. incentives. this might be a lot like the t.a.r.p. vote. they need to see a market reaction. they need to see the business community reaction. >> i know what you're saying, maria, but ei think the reality is that right now i'm trying to game out if obama wins. what is the republican incentive to compromise? same is true with the democrats. either the rules of the game change, and there's a lot of talk about what would change that, in other words redistricting the whole united states so these guys don't have such safe seats and they're not able to be so one sided. >> you know what i don't understand? this is all on these guys' watches. last year we talked about the deadline for the fiscal cliff. they knew what was coming. you would think six months ago they said to themselves, okay, in six months we have to make a decision. let's have a plan "b." tlt there's no back-up plan. >> wait until after the election and see what's. that'
congress and washington responds to pain. that might be why we're about to go over the fiscal cliff. incentives. this might be a lot like the t.a.r.p. vote. they need to see a market reaction. they need to see the business community reaction. >> i know what you're saying, maria, but ei think the reality is that right now i'm trying to game out if obama wins. what is the republican incentive to compromise? same is true with the democrats. either the rules of the game change, and there's a...
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Nov 5, 2012
11/12
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a new "washington post"/abc poll came without a three-point obama lead. if that's the case and the swing states fall in the same direction mostly, mitt romney needs most of the swing states to win, we could have a decision before we get too deep into the wee hours of wednesday morning. >> let's hope for that. john, thank you so much that. and let's trade this thing historically. a democratic president has been better for stocks with 74% versus a 47% average return under republicans. but let's dig deeper here. which sectors and stocks would benefit under each candidate? cnbc has created proprietary indices of stocks that could actually gain under an obama or a romney presidency. president obama's basket consists of home builders, health care facilities and auto stocks while romney ace portfolio has coal, oil, and gas and defense and managed care names. what is the trade here, if there is one, guy? >> a lot of the obvious ones we talked about on this show and on our network today. i'll go one sector we have talked about a few months ago that has done pretty
a new "washington post"/abc poll came without a three-point obama lead. if that's the case and the swing states fall in the same direction mostly, mitt romney needs most of the swing states to win, we could have a decision before we get too deep into the wee hours of wednesday morning. >> let's hope for that. john, thank you so much that. and let's trade this thing historically. a democratic president has been better for stocks with 74% versus a 47% average return under...
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Nov 27, 2012
11/12
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the fiscal cliff is an abstraction to some degree here in washington. they're just behind me at the white house. representatives are meeting with white house officials now. in southwest ohio, john boehner's district north of cincinnati, a tip back into recession would bring very real economic pain. >> oh, i thought -- you did that so well, john. i thought you were leading up to a tape soof some kind. >> i was leelding ileading up f some kind, it's not rolling. >> you fooled them. representatives go back to their home states during a thanksgiving holiday. do you think they got an earful? get something done, compromise, do something, or stand your ground. what do you think the message was? >> yes, i do think they did. it's not a stand your ground message. somebody said the other day about the election that neither party got a mandate coming out of the election. what they got was a work order to get the job done. i think that's what john boehner's constituents are telling him. that's what all the other congressional leaders are hearing from their people. n
the fiscal cliff is an abstraction to some degree here in washington. they're just behind me at the white house. representatives are meeting with white house officials now. in southwest ohio, john boehner's district north of cincinnati, a tip back into recession would bring very real economic pain. >> oh, i thought -- you did that so well, john. i thought you were leading up to a tape soof some kind. >> i was leelding ileading up f some kind, it's not rolling. >> you fooled...
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Nov 7, 2012
11/12
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now the major event for business in washington is avoiding that fiscal cliff. we are going to try very hard to get a republican and a democrat on the same page in a bid to solve the problem before thousands of americans start losing their jobs. that is next. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and even lower than vanguard. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that means with schwab, tdd#: 1-800-345-2550 your portfolio has tdd#: 1-800-345-2550 a better chance to grow. tdd#: 1-800-345-2550 and you can trade all our etfs online, tdd#: 1-800-345-2550 commission-free, from your schwab account. tdd#: 1-800-345-2550 tdd#: 1-80
now the major event for business in washington is avoiding that fiscal cliff. we are going to try very hard to get a republican and a democrat on the same page in a bid to solve the problem before thousands of americans start losing their jobs. that is next. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#:...
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Nov 29, 2012
11/12
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i'm happy to be back from washington. i'm happy sue herera is at the center of the action -- i'm just a happy guy, sue. i'm glad to have you back, too. >>> it happened just before noon. once again the markets tanking, a steep dive after discouraging words from washington on the state of the fiscal cliff. this time it was house speaker boehner speaking with reporters after meeting with treasury secretary tim geithner. eamon javers is in washington with the latest. eamon, the sentiment down here is these guys should stop talking and start crafting a deal. >> reporter: that's the sentiment here in the hallways of capitol hill as well, sue. i can tell you that. we are starting to get a little more clarity on what's going on here today. i just had the chance just a few moments ago to button-hole senator harry reid here in the hallway, asking him a very specific question. i said did treasury secretary tim geithner come up here with a new specific offer for republicans? is that what he laid down on the table for speaker john boe
i'm happy to be back from washington. i'm happy sue herera is at the center of the action -- i'm just a happy guy, sue. i'm glad to have you back, too. >>> it happened just before noon. once again the markets tanking, a steep dive after discouraging words from washington on the state of the fiscal cliff. this time it was house speaker boehner speaking with reporters after meeting with treasury secretary tim geithner. eamon javers is in washington with the latest. eamon, the sentiment...
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Nov 16, 2012
11/12
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>> how would we feel in washington about that? >> would it be a natural security concern in. >> tell him to take his rise above button off. that is not rise above. >> yoplait and the french. >> oui! >> no way, they love mcdonald's. >> we want some sort of a solution to the fiscal cliff, we'd like to see something like that. yesterday on cnbc, alan simpson and erskine bowles weighed in on expectations for the fiscal cliff and the potential for getting a deal done on debt. they joined maria yesterday on "the closing bell" and here's what erskine bowles had to say about america's global competitiveness. >> if we get our house in order the future of america is really bright and question compete with the best and brightest. if we don't, we're well on our way to becoming a second rate power. >> joining to us talk competitiveness and the ifisical cliff is mirkle porter, harvard business school professor and michael great to see you. >> great to see you becky and austan great to see you as well. you are one of our great leaders in trying
>> how would we feel in washington about that? >> would it be a natural security concern in. >> tell him to take his rise above button off. that is not rise above. >> yoplait and the french. >> oui! >> no way, they love mcdonald's. >> we want some sort of a solution to the fiscal cliff, we'd like to see something like that. yesterday on cnbc, alan simpson and erskine bowles weighed in on expectations for the fiscal cliff and the potential for getting a...
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Nov 2, 2012
11/12
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chief washington correspondent john harwood is at a phone bank where union members supporting the president are working hard to increase that turnout. this is critical, john. >> reporter: maria, this is the critical effort of this last four days of the election. the candidates are flying around. they're delivering their messages. tv ads are on the air. most aftof that messaging has already had its impact. now it's about both sides trying to mobilize the vote, especially in the eight or nine key states. here in this call center, they're working from 10:00 in the morning into the evening every day. they're phoning into the state of virginia right now with 13 electoral votes. that's a swing state barack obama carried four years ago that mitt romney wants to take away from him. business and other groups allied with the republican campaign are doing the same thing. the u.s. chamber of commerce, though they didn't want us to have a camera in their phone banks, say they're also making millions of calls this weekend. everyone is trying to goose the turnout. the turnout by the two sides is what's go
chief washington correspondent john harwood is at a phone bank where union members supporting the president are working hard to increase that turnout. this is critical, john. >> reporter: maria, this is the critical effort of this last four days of the election. the candidates are flying around. they're delivering their messages. tv ads are on the air. most aftof that messaging has already had its impact. now it's about both sides trying to mobilize the vote, especially in the eight or...
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Nov 1, 2012
11/12
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but secondly, there's been talking in washington, d.c. in the past about establishing federal or regional petroleum supply storage facilities, refined petroleum storage facilities. so we've got a national strategic petroleum reserve in the southeastern united states that holds crude oil. it makes a lot of sense to try and have additional federal storage areas. not of crude oil but of refined products like motor gasoline so that in the event of a tragedy like this, you've got some sort of large stocks that you can quickly bring in to market so that you don't have to truck it from very far. at the end of the day, while a lot of drivers are having a hard time dealing with the shortages, hurricane sandy didn't hit oil production facilities like hurricanes in the past, like katrina did in the gulf of mexico. so while folks are struggling in the northeast, i definitely sympathize, the situation could have been a lot worse if it hit some of the bigger petroleum sector infrastructure systems. >> and so you said prices in some parts of the country
but secondly, there's been talking in washington, d.c. in the past about establishing federal or regional petroleum supply storage facilities, refined petroleum storage facilities. so we've got a national strategic petroleum reserve in the southeastern united states that holds crude oil. it makes a lot of sense to try and have additional federal storage areas. not of crude oil but of refined products like motor gasoline so that in the event of a tragedy like this, you've got some sort of large...